LDR Capital Management LLC Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

LDR Capital Management LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,430 shares of the real estate investment trust's stock, valued at approximately $1,017,000. Alexandria Real Estate Equities makes up 1.4% of LDR Capital Management LLC's portfolio, making the stock its 29th largest position.

Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of Alexandria Real Estate Equities by 3,129.4% during the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 532 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 1.9 %

ARE traded down $1.92 during trading on Wednesday, reaching $99.01. The company had a trading volume of 883,113 shares, compared to its average volume of 1,350,095. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14. The stock has a market cap of $17.14 billion, a P/E ratio of 55.01, a PEG ratio of 3.93 and a beta of 1.16. The business has a 50 day simple moving average of $97.73 and a 200-day simple moving average of $108.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has authorized a share buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's payout ratio is currently 293.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARE. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Robert W. Baird decreased their price objective on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average price target of $121.30.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.